Charles Schwab Investment Management Inc. Has $3.82 Million Stock Holdings in Community Health Systems, Inc. $CYH

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Community Health Systems by 8.7%, acquiring an additional 112,741 shares during the first quarter, bringing its total ownership to approximately 1.01% of the company.
• Community Health Systems reported revenues of $3.13 billion for the quarter, exceeding analysts' expectations, despite posting a loss of ($0.05) EPS, missing consensus estimates.
• Multiple research firms have revised their price targets for Community Health Systems, with Wells Fargo lowering its target from $3.50 to $2.50, indicating a trend of decreasing expectations among analysts.

Charles Schwab Investment Management Inc. lifted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,413,077 shares of the company's stock after acquiring an additional 112,741 shares during the period. Charles Schwab Investment Management Inc. owned 1.01% of Community Health Systems worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CYH. Tower Research Capital LLC TRC lifted its stake in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after acquiring an additional 6,445 shares during the period. R Squared Ltd lifted its stake in shares of Community Health Systems by 71.6% in the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after acquiring an additional 4,570 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems in the 4th quarter worth approximately $33,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Community Health Systems in the 1st quarter worth approximately $36,000. Finally, Red Door Wealth Management LLC lifted its stake in Community Health Systems by 30.4% during the first quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock valued at $81,000 after purchasing an additional 7,000 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada cut their target price on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Truist Financial increased their target price on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Jefferies Financial Group reissued a "hold" rating and set a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. UBS Group cut their target price on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a research note on Friday, July 25th. Finally, Barclays cut their target price on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Community Health Systems presently has a consensus rating of "Reduce" and an average price target of $3.58.

Community Health Systems Stock Performance

Shares of NYSE:CYH traded down $0.02 during mid-day trading on Wednesday, hitting $2.81. The stock had a trading volume of 1,806,750 shares, compared to its average volume of 1,667,920. The company has a market cap of $393.04 million, a PE ratio of -1.88 and a beta of 1.90. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The company's 50 day moving average is $3.02 and its 200-day moving average is $3.09.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.02 billion. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.17) EPS. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. On average, equities research analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.